6 Major Social Security Changes for 2026 You Need to Know

Video Description

Six major Social Security changes are coming in 2026 — and they’ll impact nearly everyone who earns or collects benefits. From the new 2.8% COLA and higher Medicare premiums to the expanded $6,000 Senior Deduction, there’s a lot to unpack. In this video, I’ll break down exactly what’s changing, who benefits, who pays more, and what you can do now to prepare. These aren’t minor tweaks — they could directly affect your retirement income and taxes next year. 📖 FIRE Investing Academy 📖 ➡️ https://www.firepsychat.com/fireinvesting Join my private FIRE 🔥 Community to connect with me! 🙂 ➡️ https://firepsychat.com/community 👨‍🏫 Financial Consultation 👩‍🏫 Schedule a 1-on-1 Private Session with Psy ➡️ https://www.firepsychat.com/consultation The budget app! Start your free YNAB trial today! ➡️ https://www.firepsychat.com/ynab Increase your income by starting a course in Course Careers! ➡️ https://coursecareers.com/a/FIREPsyChat 📖 Get Your Free Financial Spreadsheets and Resources 📖 ➡️ https://www.firepsychat.com/resources Become a Channel Member! ➡️ https://www.youtube.com/channel/UCxVMI3H_O2PW5O4qpORkZ_Q/join For sponsorships and business inquiries ➡️ [email protected] ⏰ Table of Contents ⏰ 0:00 6 Major Social Security Changes for 2026 0:28 COLA 1:15 Paying Social Security Tax 2:35 Paying Taxes on Benefits 4:21 Age 67 & Single 6:11 Income Phase-Out Range 6:54 Single making $100,000 7:41 Social Security Earnings Test 9:16 Qualifying for Benefits 10:03 Medicare Premiums 11:21 Why These Changes Matter More Than You Think #FIREPsyChat #FinancialIndependence #SocialSecurity2026 🎵 Music and Sound Effects Provided by Epidemic Sound 🎵 https://www.epidemicsound.com/referral/de9jqv/ Disclaimer: This video is not in any form of personalized financial advice. I am solely sharing my personal experience and opinions. All Strategies, tips, suggestions, and recommendations shared are solely for entertainment and educational purposes only. There are financial risks associated with investing. You must conduct your own research and due diligence or seek the advice of a licensed advisor if necessary. Affiliate Disclosure: Some of the links on this webpage are affiliate links, meaning, at no additional cost to you, we may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact our opinions and comparisons.